Meaning of depegging | Babel Free

Definitions

1. The process where a nation or entity allows the value of its currency to fluctuate freely in the foreign exchange market, removing the fixed exchange rate or peg to another currency.
   countable, uncountable
2. A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
   countable, uncountable

CEFR level